XAO 0.57% 8,754.7 all ordinaries

Short Term Trading Week Starting: 10 Dec, page-35

  1. 1,211 Posts.
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    Note,
    I had previously expected the Fed to go into the December rate hike with a more hawkish tone and then soften into more dovish in Q1 2019.
    This is why I had previously though Q1-Q2 2019 would be the best time to buy Gold/ in demand commodities.

    The Fed's tone has obviously changed very recently into a strong dovish one.
    Hence the consensus view from 3 priced in 2019 rate hikes to barely 1 now.
    This is also explains the dramatic buying of US Treasury Bonds and the breakout in Gold from $1,200 - $1,240 range...
 
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8,754.7
Change
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8,705.0 8,771.3 8,705.0
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